Welcome to the new CEOShorts @ December 14 8,016,043
Shorts @ November 30 4,588,360
Yeah, the market says "hi chump", in their most welcoming way...
Stock went up last week because everything solar went up; market is idiotic that way, always has been: the solar unit here is a money-loser with obsolete technology. Read the links in the last few posts and you'll "get it".
Of the other two business units, precision machining has a nice backlog of orders with losses built in. I "love" to see that in stocks: you can predict the losses out several quarters based on the order book: that's a "sheesh" folks...
So that's two losing divisions out of three...
This deal is so far from turning around you need to wait for penny status: think Nortel at 80 cents, or Coolbrands at 25 cents and you'll have a better idea of what to expect. Better still, think Stelco, and start running, fast, and don't ever look back.
The preceding analysis has been provided free-of-charge, as a public service, and is worth every penny.